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Home My WebLink About06 QUARTERLY INV. RPT. 01-17-00NO. 6 1-17-00 DATE' January 17, 2000 Inter-Com TO: FROM' SUBJECT: Honorable Mayor and Members of the City Council G. W. Jeffries, CCMT, City Treasurer QUARTERLY INVESTMENT REPORT RECOMMENDATION: Receive and file. DISCUSSION: In compliance with Government Code Section 53646, the attached Investment Report for the quarter ending December 31, 1999 is rendered. G. W. JeffXr'~s, ~:C~IT -',~' Treas~rer GWJ:ts Attachment GWJ:OuarterlylnvestmenlReportDecernber1999.0oc ~i T~ OF TU$ Till I~! ~M$ TF~IMIV T I~MI~ 01~ T Cash 4.6% LAIF 28.2% Cash with Fiscal Agents CITY OF TUSTIN INVESTMENT REPORT QUARTER ENDING DECEMBER 31~1999 Other Investments 4.3% 27.5% Federal Agencies 35.4% RDA INVESTMENT REPORT QUARTER ENDING DECEMBER 31,1999 Federal Agencies 45.5% Cash with Fiscal Agents 11.0% Cash 0.6% LAIF 43.0% PAR VALUE DESCRIPTION SUMMARY QUARTER ENDING DECEMBER 31,1999 (Unaudited) Maximum Maturity Allowable Original Current Current Portion of Purchase Book Market Portfolio Total Value Value Current Concentration $o 5o 5o SO $2,5oo,ooo $22,200,000 SO N/A N/A N/A SO $o SO SO SO SO 12,ooo,oo0 $0 N/A N/A N/A CITY OFTUSTIN: Time Deposits Negotiable Certificates of Deposit Commercial Paper Bankers Acceptances Other Investments Federal Agencies U. S. Treasuries Cash Cash with Fiscal Agents * Local Agency Investment Fund TUSTIN REDEVELOPMENT AGENCY: Time Deposits Negotiable Certificates of Deposit Commercial Paper Bankers Acceptances Corporate Notes Other Investments Federal Agencies U. S. Treasuries Cash Cash with Rscal Agents * Local Agency Investment Fund 5 yrs 5 yrs 90 days 180 days 5 yrs 5 yrs 5 yrs N/A N/A N/A No Umlt $0 $0 $0 10% $0 SO $0 25% SO SO $0 25% $0 $0 $0 No Umit $2,650,900 $2,650,900 $2,603,370 50% 21,839,566 $21,839,566 $21,879,500 No Umit $0 $0 $0 N/A $2,845,358 $2,845,358 $2,845,358 N/A $17,005,325 $17,005,325 $17,005,325 N/A $17,400,152 $17,400,152 $28,607,178 S61,741,301 $61,741,301 $72,940,731 0.00% 0.00% 0.00% 0.00% 4.29% 35.37% 0.00% 4.61% 27.54% 28.18% 100.00% PERFORMANCE MEASUREMENT: Weighted Average Portfolio Ufe (Days): Weighted Average Portfolio Yield: Current 6 mos.Treasury: 189.23 5.71% 5.75% 5 yrs No Umlt SO 5 yrs 10% $0 90 days 25% $0 180 days 25% $0 5 yrs 10% $0 5 yrs No Umit $0 5 yrs 50% $5,941,760 5 yrs No Umlt $0 N/A N/A $143,487 N/A N/A $2,843,810 N/A N/A $11,139,256 SO $0 0.00% $0 $0 0.00% SO $0 0.00% SO SO 0.00% S0 $0 0,00% $0 $0 O.OO% $11,780,753 $11,836,069 45.47% $0 $0 O.OO% S143,487 $143,487 0.55% $2,843,810 $2,843,810 10.98% $11,139,256 $17,855,286 43.00% S20,068,313 S25,907,306 S32,678,652 100.00% PERFORMANCE MEASUREMENT: IWelghted Average Portfolio Ufe (Days): IWeighted Average Portfolio Yield: Current 90 day Treasury Bill: 119.68 5.84% 5.25% TOTAL CITY/RDA INVESTMENTS: $87,648,607 $105,619,383 Cash with Fiscal Agents are the Rese~e and Construction funds held byTrustees for various City and RDA bond Issues. Investment options are limited to those specifically permitted by bond documents. Total City funds available for effective active management are: S67,799,472 (1) PARVALUE (2) DESCRIPTION-LIMITS INVESTMENT SCHEDULE AS OF: DECEMBER 31,:1999 UNAUDITED (3) (4) (S) YIELD ORIGINAL CURRENT_ CURRENT TO PURCHASE MATURITY PURCHASE BOOK MARKET COUPON MATURITY DATE DATE PRICE VALUE VALUE $2,000,000 $2,000,000 $2,000,000 $2.200,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 · $2,000,000 $2,000,000 $22,200,000 S2,500.000 $2,500,000 0401-Time Deposits-No Umlt 0401-Neg. Certificate of Deposlt-lO%,Max 5 yrs t 0407-Commercial Paper-25%, Max 90 Da~s ] 0403-BankersAcceptances-25%, Max 180Days J . CurrentTotals: $0 I. $0 J $0 (9) Current Totals: $0 I SO J $0 (9) Current Totals: S0 I $0 } SO (9) Current Totals: $0 I. 0.00%{ (9) $0 I. 0405-Federal Agencies-50% I FHLMC Discount Notes FNMA Discount Notes F'rlLMC Discount Notes FFCB Discount Notes FHLMC Discount Notes FHLMC Discount Notes SLMA FHLB SLMA FHLB Discount Notes FHLMC 0407-Other Investments State Of California GO Bonds N/A 5.37% 10/27/99 01/06/00 $1,979,331 91,979,331 $2,000,000 N/A 5.80% 10/27/99 04/17/00 $1,946,466 Sl,946,466 $1,970,000 N/A 5.43% 07/22/99 04/20/00 $2,194,500 $2,194,500 $1,970,000 5.00% 5.21% 03/11/99 05/24/00 Sl,921,437 $1,921,437 $2,189,000 N/A 5.48% 07/22/99 06/15/00 $1,904,956 91,904,956 $1,950,000 N/A 5.51% 07/22/99 07/17/00 $1,895,511 $1,895,511 $1,940,000 5.00% 5.17% 03/11/99 08/11/00 $1,995,313 $1,995,313 $1,992,000 6.05% 6.10% 11/03/99 11/03/00 $1,999,044 $1,999,044 Sl,984,800 5.70% 6.11% 10/27/99 11/30/00 $2,008,398 S2,008,398 $1,988,000 5.38% 5.28% 03/11/99 03/02/01 $2,003,672 $2,003,672 $1,963,200 5.39% 5.49% 11/05/98 11/05/03 $1,990,938 $1,990,938 $1,932,500 Current Totals: $21,839,566 $21,839,566 I 35. 7%1 (9) $21,879,5oo 8.15% 5.45% 03/30/99 o9/ol/Ol $2,650,900 $2,65o,9oo $2,603,370 Current Totals: $2,650,900 $2,650,900 4.29%! (9) I 0409-USTreasuryBills/Bonds/Notes-No Umlt Current Totals: Dally-No Umlt { Cash-0101 Deposits with Fiscal Agents-'93 Water COP's * Deposits with Rscal Agents-Assess. Dist.* Deposits with Fiscal Agents-Co.Wlde Fin Auth.* Cash with TCA Trustee* Local Agency Investment Fund-0402 * $0 SO * December balances were not available at the time this report was prepared. Balances reflected are as of November. (9) 4.10% · $2,845,358 N/A (8) · $1,052,511 N/A (10) · $11,795,938 N/A (10) * $2,482,995 4.84% (7) * $1,673,881 5.50% (11) S17,400,152 $2,603,370 Current Totah S37,250,835 I 6o. %1 $0 $2,845,358 S1,052,511 S11,795,938 S2,482,995 $1,673,881 $28,607,178 S48,457,861 PERFORMANCE M EASU REM ENT: Weighted Average Portfolio Ufe (Days): Weighted Average Portfolio Yield: I Current 6 mos.Treasury: 189.23 5.71% 5.75% TOTAL CiTY INVESTMENTS S61,741,301 $72,940,731 (1) PAR VALUE (2) DESCRIPTION-LIMITS INVESTMENT SCHEDULE AS OF: DECEMBER 31,1999 UNAUDITED YIELD TO PURCHASE COUPON MATURITY DATE MATURITY DATE (3)( ORIGINAL PURCHASE AMOUNT (4) - - CURRENT BOOK VALUE (s) CURRENT MARKET VALUE $1,000,000 S1,000,000 $2,000,000 S2,000,000 $1,000,000 S1,000,000 $2,000,000 $1,000,000 $1,000,000 $12,000,000 0401-Time Deposits-No Umlt { { 0401-Neg. Certificate of Deposlt-lO%,Max 5 yrs { { 0407.Commercial Paper-25%, Max 90 DaYs { 0403-BankersAcceptances-25%,Maxl8ODays { (6) {.. 0407-CorpOrate Notes-lO% { 0407-Other Investments { 0409-Federal Agencies-50% } FMC Discount Notes FMC Discount Notes FHLMC Discount Notes FNMA Discount Notes FMC Discount Notes SLMA FHLB FHLB FHLMC · 0409-USTreasuryBllls/Bonds/Notes-NoUmlt { Dally-No Umlt J fDA Cash-0102 Deposits w/Fiscal Agent-Tax Allocation Bds' Local Agency Investment Fund-0402' ° Decem bet balances were not available at the time this report was prepared. Balances reflected are as of November. Current Total: { ..........$0 { (9) Current Total: { $0 { (9) CurrentTotah { $0 { (9) Current Total: so { (9) Current Torah [ 0.00%{ (9) Current Total: s,o O.00%{ (9) $0 N/A 5.43% 07/22/99 04/20/00 $960,718 N/A 5.48% 07/22/99 06/15/00 $952,478 N/A 5.37% 10/27/99 01/06/00 Sl,979,331 N/A 5.80% 10/27/99 04/17/00 $1,946,466 N/A 5.51% 07/22/99 07/17/00 S947,755 5.00% 5.17% 03/11/99 08/11/00 S997,656 6.05% 6.10% 03/11/99 11/03/00 Sl,999,044 5.38% 5.28% 03/11/99 03/02/01 S1,001,836 5.39% 5.49% 11/05/98 11/05/03 S995,469 $960,718 S985,000 $952,478 $975,000 S1,979,331 $2,000,000 Sl,946,466 Sl,970,000 $947,755 $970,000 $997,656 $996,000 Sl,999,044 $1,992,000 $1,001,836 $981,600 $995,469 $966,469 Current Totah $11,780,753 $11,836,069 45.47%{ (9) Current Total: $0 $0 4.10% · (S) N/A (10) 5.50% (11) TOTAL RDA INVESTMENTS o.oo%J (9) PERFORMANCE MEASUREMENT: Weighted Average Portfolio Ufe (Days): Weighted Average Portfolio Yield: CUrrent 90 day Treasury: $143,487 $143,487 $2,843,810 $2,843,810 $11,139,256 $17,855,286 Current Totah S14,126,553 $20,842,583 119.68 5.84%: 5.25% 54.53%~ S25,907,306 $32,678,652 TOTAL crrY/RDA INVESTMENTS: $87,648,607 $105,619,383 FOOTNOTES: (1) PAR VALUE is the full value of the security before any discount or premium is paid at purchase. (2) DESCRIPTION-LIMITS reflects the various authorized investments as documented in the most current adopted investment polcy and the allowable percentage of total portfolio per Investment type. (3) Original Purchase Price is the amount paid for a securities less any discount plus any prem;um. (4) Current Book Value Is original cost of seculties less receipt of principal payments, net of amortized prem;ums/dlscounts. (5) Current Market Value is the price at which similar securities are currently trading. Current market values are provided by Bank of America and Bank of NewYork on all securities held in safekeeping for the City and RDA. Differences in value are booked only if the securities are sold prior to their maturities. (6) In compliance with Section II, paragraph f. of the City's investment Policy, Corporate Notes must have a Moody's/Standard and Poors's long term debt rating of at least AA. (7) SecurlUes held in Trust per FundingAgreement between the City of Tustin and the Footh;ll/Eastern Transportation Corridor Agency adopted by the City Council on 6-5-95. (8) Earnings allowance on compensating bank balances to offset bank activity charges. Allowance Is included ;n the Average Yield calculation. The cash balances include amounts "swept" from account for overnight Investments. (9) Current percentage by investment type to be measured against allowable limits in current investment pol;cy at time of purchase. Maximum ratio limits calculated using current book values and may change over time as total portfolio changes. (10) Investments and earnings on monies held by fiscal agents generally are limited as to type and yield by the bond documents or current IRS codes. (11) The carrying amount of the pool as of November 30,1.999 was $30,813,367,556 and the estimated market value (including accrued interest) was $31,126,577,890. The City and Agency's proportionate share of that value is $37,206,949. CERTIRCATION: I certify that this report reflects all City and RDA pooled investments. The Investments represented in this report are in conformity with the current adopted investment policy of the City of Tustln. The market values represented in this report are provided by Trustees currently holding securities for the City and Agency. The investment program herein shown provides sufflcent cash flow liquidity to meet the next six (6) months estimated expendltu~:;~ statement Is prepared in conformance with Section 53G4G o,!h~o~mment Code. . Slgnecl:-'/'~--''~'- ~/_~~~ . ../' ,../ G W Jeff~T,Trea,/l~er ~'/